Dollar Edges Higher Amid Global Tensions

China, Canada hot on US negotiations

The dollar was steady on Monday on worries of a prolonged China-U.S. trade war and after the United States and Canada ended contentious trade negotiations without a deal.

U.S. President Donald Trump said on Saturday there was no need to keep Canada in the North American Free Trade Agreement and warned Congress not to meddle with the trade talks or he would terminate the trilateral trade pact altogether.

Trump on Friday had notified Congress of his intent to sign a bilateral deal with Mexico after talks between Washington and Ottawa soured.

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